Problem

$7$

$-$

$5$

$1$

$($

LO

$7$

$-$

$2$

$)$

$($

Algo

$)$

$$Skip to question

$[$

The following information applies to the questions displayed below.

$]$

$$Three years ago, Adrian purchased

$3$

$9$

$0$

$$shares of stock in X Corporation for $

$5$

$0$

$,$

$3$

$1$

$0$

$.$

$$On December

$3$

$0$

$$of year

$4$

$,$

$$Adrian sells the

$3$

$9$

$0$

$$shares for $

$4$

$1$

$,$

$7$

$3$

$0$

$.$

$$Note: Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign. Problem

$7$

$-$

$5$

$1$

$$Part

$-$

b

$($

Algo

$)$

$$b

$.$

$$Assuming Adrian has no other capital gains or losses, except that on January

$2$

$0$

$$of year

$5$

$,$

$$Adrian purchases

$3$

$9$

$0$

$$shares of X Corporation stock for $

$4$

$1$

$,$

$7$

$3$

$0$

$.$

$$How much loss from the sale on December

$3$

$0$

$$of year

$4$

$$is deductible on Adrian's year

$4$

$$tax return? What basis does Adrian take in the stock purchased on January

$2$

$0$

$$of year

$5$

$?$Problem

$7$

$-$

$5$

$1$

$($

LO

$7$

$-$

$2$

$)$

$($

Algo

$)$

$$Skip to question

$[$

The following information applies to the questions displayed below.

$]$

$$Three years ago, Adrian purchased

$3$

$9$

$0$

$$shares of stock in X Corporation for $

$5$

$0$

$,$

$3$

$1$

$0$

$.$

$$On December

$3$

$0$

$$of year

$4$

$,$

$$Adrian sells the

$3$

$9$

$0$

$$shares for $

$4$

$1$

$,$

$7$

$3$

$0$

$.$

$$Note: Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign. Problem

$7$

$-$

$5$

$1$

$$Part

$-$

b

$($

Algo

$)$

$$b

$.$

$$Assuming Adrian has no other capital gains or losses, except that on January

$2$

$0$

$$of year

$5$

$,$

$$Adrian purchases

$3$

$9$

$0$

$$shares of X Corporation stock for $

$4$

$1$

$,$

$7$

$3$

$0$

$.$

$$How much loss from the sale on December

$3$

$0$

$$of year

$4$

$$is deductible on Adrian's year

$4$

$$tax return? What basis does Adrian take in the stock purchased on January

$2$

$0$

$$of year

$5$

$?***$This question already posted and got correct answer. Don't answer this question If you answer i will give $10$ dislikes.$****$